Apple stock trades at 38.5 times earnings, versus 22.8 for the S&P 500, and the article says the price appears to assume continued growth. Siri AI began rolling out in September in beta for U.S. English, with French, Japanese, Korean, Portuguese and Spanish added in October. Management said on-device requests carry no real cost, while requests handled on Apple's servers add computing costs to its services business, and it has not yet quantified Siri AI's effect on sales or costs. iPhone revenue reached $254 billion in fiscal 2026, or 53.1% of total revenue, and the December-quarter gross margin forecast of 45% to 46% includes some Siri AI costs. Apple expects revenue to grow 7% to 10% in the December quarter, with iPhone revenue and gross margin to watch in its January 2027 report.
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AAPLvaluationartificial intelligenceearnings
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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